Over 30 years of retirement, Louise would collect as much as $736,005, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Louise received $15,470 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Louise will have already received $31,404 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.